Fox News opinion host Bill O’Reilly says that President Barack Obama’s misguided disdain for capitalism is a reaction to “historical grievances” about slavery.

During his Thursday “Talking Points” segment, O’Reilly said that footage of president’s comments about business, which critics say were deceptively edited by both Fox News and Mitt Romney’s campaign, proved that “the real Barack Obama has finally stood up.”

“What the president wants to do is restrain capitalism through taxation,” the Fox News host explained. “If you score big, he wants a big piece of the action so he can give what you get to other people.”